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(MENAFN - AFP) David Cameron furiously rejected a surprise demand from Brussels for more than two billion euros in backdated charges on Friday, setting up a new showdown over Britain's place in the EU.

The British prime minister hijacked a European summit that was meant to be focused on the continent's stalling economy, demanding an emergency meeting of finance ministers ...

 
(MENAFN - AFP) US new-home sales ticked higher in September to the highest level in more than six years, but August sales were revised sharply lower in official data released Friday.

New single-family houses sold at an annual rate of 467,000, up 0.2 percent from the revised August rate of 466,000, the Commerce Department said.

The August pace was previously estimated ...

 
(MENAFN - AFP) Medical charity MSF, at the forefront of the fight against Ebola in west Africa, said Tuesday it had saved a 1000th patient from the deadly epidemic.

The survivor, Kollie James is an 18-year-old Liberian, Medecins sans Frontieres (MSF, Doctors Without Borders) said.

"Since the beginning of the Ebola outbreak in west Africa, MSF has admitted more than ...

 
(MENAFN - AFP) A paralysed Bulgarian man can walk again after receiving revolutionary treatment in Poland in a breakthrough hailed by one of the British scientists responsible as "more impressive than a man walking on the Moon".

Darek Fidyka was paralysed from the chest down following a knife attack in 2010, but can now walk using a frame after nerve cells from his nose were ...

 
(MENAFN - AFP) Apple's strong earnings helped push US stocks higher in opening trade Tuesday, offsetting the impact of third quarter profit drops from Coca-Cola and McDonald's.

Five minutes into trade, the Dow Jones Industrial Average stood at 16,474.39, up 74.72 points (0.46 percent).

The broad-based S&P 500 jumped 16.02 (0.84 percent) to 1,920.03, while the tech-rich ...

 
(MENAFN - AFP) European stock markets rallied on Tuesday after surprisingly good Chinese economic growth data boosted optimism over the global economic outlook, dealers said.

Equities swung higher following the upbeat news, in stark contrast to the wild swings of last week which were fuelled by fears over the state of the world economy.

In midday deals, London's benchmark ...

 
(MENAFN - AFP) McDonald's on Tuesday said profit slumped in the third quarter as global sales fell amid a food-safety scandal in China and intense competition in the United States.

Net income plunged 30 percent in the July-September quarter from a year ago to $1.07 billion, the US fast-food restaurant giant said.

Earnings per share of $1.09 were well below the Wall ...

 
(MENAFN - AFP) Oil prices rose on Tuesday as caution returned after a weak rally spurred by upbeat industrial production data from China, the world's top energy consuming nation, analysts said.

US benchmark West Texas Intermediate for November delivery advanced 21 cents to $82.92 a barrel compared with Monday's close.

Brent North Sea crude for December won 38 cents ...

 
(MENAFN - AFP) Italy's financial police on Tuesday said they had broken up a ring of companies they believe used false accounting to defraud the state out of 1.7 billion euros ($2.2 billion) of tax.

"The illegal activity has led, over the years, to damages to the state... whose total sum exceeds 1.7 billion euros" since 2001, the financial police said in a statement.

Police ...

 
(MENAFN - AFP) Soft drinks king Coca-Cola made headway in global volume sales in its third quarter but net earnings fell sharply, hit by slower economic growth and volatile currencies.

Coke reported Tuesday a slight fall in total operating revenues around the world to $11.98 billion for the quarter to September 26. Net income however dropped 13.6 percent to $2.12 billion, ...

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